Top Day Market News
7.24.12
Crude trades lower overnight after an attempt at higher values in the first hours as thoughts curve back towards the European debt crisis. Greece is just about broke. US corporate earnings, especially multinationals, have a considerable headwind going forward. Markets generally hate uncertainty and the endgame for this particular crisis isn’t completely clear. What is probable is a demand destruction for oil engendered by worldwide economic contraction. A credit markdown of Germany by Moody’s yesterday wasn’t particularly helpful. 41 companies out of the S+P 500 report earnings today including UPS, ATT and Whirlpool. So far there have been 83 “beats” out of 110 reporting so far. After the bell, Apple, Netflix and others will report so tech will be in the spotlight. In terms of eco releases, another lite day.
|
Week of July 23 - July 27 |
||||||||
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Jul 24 |
10:00 |
FHFA Housing Price Index |
May |
|
NA |
NA |
0.8% |
|
|
Jul 25 |
07:00 |
MBA Mortgage Index |
07/21 |
|
NA |
NA |
NA |
|
|
Jul 25 |
10:00 |
Jun |
|
375K |
374K |
369K |
|
|
|
Jul 25 |
10:30 |
Crude Inventories |
07/21 |
|
NA |
NA |
NA |
|
|
Jul 26 |
08:30 |
07/21 |
|
365K |
375K |
386K |
|
|
|
Jul 26 |
08:30 |
07/21 |
|
3300K |
3300K |
3300K |
|
|
|
Jul 26 |
08:30 |
Jun |
|
1.0% |
1.0% |
1.3% |
1.1% |
|
|
Jul 26 |
08:30 |
Jun |
|
0.5% |
0.0% |
0.7% |
0.4% |
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Jul 26 |
10:00 |
Pending Home Sales |
Jun |
|
1.0% |
0.7% |
5.9% |
|
|
Jul 27 |
08:30 |
Q2 |
|
NA |
1.2% |
1.9% |
|
|
|
Jul 27 |
08:30 |
Q2 |
|
NA |
1.5% |
2.0% |
|
|
|
Jul 27 |
09:55 |
Michigan Sentiment - Final |
Jul |
|
71.5 |
72.0 |
72.0 |
|
MARKET PLACE
Numbers are good up until the close of business today. These are strictly technical in nature, not fundamentally based or biased.
Legend
U is Up
D is Down
PRD is Potential Reversal Day S2 is Weekly strong support S1 is Weekly good support
DS is Daily Support
DR is Daily Resistance
R1 is Weekly Good Resistance and is calculated once a week on
Sunday night
R2 is Weekly Strong Resistance and is calculated once a week on
Sunday night
Levels are for the most active futures contract
Daily Support and Resistance
|
|
Trend |
WS2 |
WS1 |
DS |
DR |
WR1 |
WR2 |
|
Sept ES |
PRD(D) |
1321 |
1339..5 0 |
1331.50 |
1356.50 |
1376.2 5 |
1394.50 |
|
Sept Nasdaq |
PRD(D) |
2496.50 |
2554.50 |
2544.00 |
2613.75 |
2664.5 0 |
2716.50 |
|
Sept Yen
|
U |
125.76 |
126.64 |
127.23 |
128.20 |
1280 |
128.54 |
|
Sept EC
|
D |
120.36 |
121.02 |
120.43 |
121.67 |
122.84 |
124.00 |
|
Sept 10 Year
|
U |
134.06 |
134.17 |
134.28 |
135.10 |
135.04 |
135.12 |
|
Sept 30 Year
|
U |
149.16 |
150.21 |
151.19 |
152.28 |
125.20 |
153.14 |
|
Nov Soybeans
|
U |
15.25 |
16.05 |
15.68 |
16.70 |
17.28 |
17.71 |
|
Sept Corn
|
U |
7.21 |
7.72 |
7.82 |
8.26 |
8.52 |
8.80 |
|
Aug Gold |
U |
1551 |
1567 |
1565.40 |
1594.00 . |
1598.6 |
1614.50 |
|
Sept Silver
|
U |
26.32 |
26.80 |
26.67 |
27.34 |
27.67 |
28.07 |
|
Sept Copper
|
D |
334 |
339 |
333 |
349 |
352 |
359 |
|
|
|
|
|
|
|
|
|
|
Sept Crude
|
PRD(D) |
88.14 |
87.92 |
85.50 |
90.55 |
94.36 |
97.02 |
|
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